Who We Are

We are proud to be a small, family-owned and operated business with an exceptional history spanning over four decades in the surety bond industry. Just like so many of our valued customers, we understand the needs and challenges faced by small to medium businesses because we are one ourselves. This shared experience fuels our genuine care and dedication in serving our fellow business owners.

While we may be a small business, we have the ability to not only handle the largest of capacities but also diverse, complex requests and ensure that our services meet your needs effectively.

Our Story

With a rich history in the surety industry dating back to 1976, our founder began working directly for several renowned surety companies. Through years of dedicated experience, our founder developed a profound understanding of how corporate sureties underwrite and rate applicants. This in-depth knowledge serves as the cornerstone of our operations, allowing us to offer you expert guidance that aligns with the specific requirements of the industry.

BondAbility soon began as an outsourced processing center for multiple surety companies. These companies trust BondAbility to underwrite and process surety bonds on behalf of their insurance agents. In fact, if you've purchased a surety bond in the past, there's a good chance that it was processed by us at BondAbility.

By combining technology and surety well before it became commonplace, we were at the forefront of this innovative integration. Now, we have expanded our services and are thrilled to offer them directly to you.

Our Commitment to You

At BondAbility, our commitment to you, our customers, is summed up in three essential words: efficiency, value and service. These pillars form the foundation of everything we do. We are committed to making your bonding process simple and hassle-free, sparing you the burden of extensive explanations on the intricacies of bonds. We take great pride in harnessing the power of technology and leveraging our expertise to create an exceptionally efficient website. Our website was built on the idea and platform that respects and appreciates your valuable time and business. Our state-of-the-art surety processing system enables us to deliver unparalleled service and accuracy to our valued customers. Your surety bond will be processed with speed and efficiency, ensuring minimal delays in receiving your bond.

Choose BondAbility and experience firsthand our commitment to our customers. We promise you won't regret it.

Frequent Asked Questions

Technically speaking, a surety bond is an insurance product, but the similarity ends there. Unlike an insurance policy, a surety bond does not protect the person purchasing the coverage, but instead it protects some third party. If you are reading this, chances are some entity asked you to get a bond. That could be a state licensing authority like a Liquor Control Board, or the Division of Motor Vehicles, or a Court. Literally any entity can require a bond of another. In all cases, the bond guarantees that you, the purchaser (Principal), will perform as required by the third party (Obligee). We have now decided to expand our services and offer them direct to you, the public, on certain classes of bonds.

Yes! There are two categories of surety bonds; contract and commercial. A Contract bond allows for financial security by assuring the third party (obligee) that the purchaser (principal) will perform the work, in addition to paying for subcontractors, suppliers, etc. Contract bonds include bid bonds, maintenance bonds, payment bonds, performance bonds etc. Commercial bonds guarantee performance of the principal to the responsibility described in the bond. Commercial bonds include license and permit bonds, public official bonds, probate and judicial bonds as well as miscellaneous bonds.

As insurance products, surety bonds are sold through licensed insurance agencies who represent various surety companies. However, since surety is such a specialized field, many insurance agents lack the knowledge and expertise to properly service this product.

Because we are a bond only agency, we can handle all surety bond requests!

The surety bond premiums can vary greatly and depend on a number of factors. Some factors that will affect pricing include but are not limited to: surety companies, qualifications of the applicant, and classification of the bond (license and permit, contract, probate, fidelity, etc). Typically, for license and permit bonds, the cost or premium can range anywhere from one half of one percent to two percent of the bond amount. Probate and Fiduciary Bonds are quoted on a sliding scale and should rarely be quoted as a flat percentage of the bond amount.

Surety bonds are required for many reasons, such as operating a business, obtaining a license or to fulfill a requirement for local or state governments. The primary function of a bond is to protect the general public by guaranteeing that an individual or business will abide by the contract terms.

The only similarity between a surety bond and an insurance policy is that they are both a means of transferring a risk and provide for financial loss. An insurance policy transfers risk from a policy holder to an insurance company, whereas a surety bond protects an obligee against losses, not a policy holder.

Insurance policies are two party agreements (insured and insurer); surety bonds are three party agreements (principal, obligee, surety). Insurance companies are prepared and structure their premiums in order to anticipate losses whereas a surety company does not expect losses to occur under a bond. This is why there are strict underwriting guidelines for some bonds.

Additionally, both surety bonds and insurance policies are regulated by the individual states.

At BondAbility, we pride ourselves on fast, efficient service to our customers. All bonds are processed within 2 hours. Orders received by noon are mailed that day! We also have instant electronic mail and overnight delivery available for your convenience.

All information submitted to BondAbility.com will be held confidential and will be used for the sole purpose of communication or in preparation of a surety bond or insurance product. BondAbility.com will not sell, rent, swap or otherwise disclose confidential information to any third party. BondAbility accepts no liability for information that may be intercepted by unauthorized acts of a third parties.

Surety Bonds are legal documents and as such the premiums charged are fully earned upon issuance. Return premiums can only be allowed in those rare cases were original bonds can be returned unused and it can be demonstrated to our surety company's satisfaction that they have incurred no liability.